BANGLADESH: Funds fall short as Rana Plaza compensation nears
Compensation payments to victims of the Rana Plaza factory collapse are due to start next month - but campaigners admit funds still fall far short of the $40m needed to make payments to all workers.
Unions and labour activists are now stepping up calls for brands to pay into the Rana Plaza Donors Trust Fund ahead of the 24 March launch date for the claims process to begin.
Claims processing will be carried out from an office based in Savar, the town near Dhaka where the Rana Plaza building was located. Potential beneficiaries will be invited to the office to make their claim.
A pre-claim legal team will work with each claimant to ensure they fully understand what claims can be made for and how they will be decided. A hotline in Savar will be launched at the same time to respond to any questions or enquiries about the claims process.
It is expected that first payments under the Rana Plaza Arrangement will be provided by the first anniversary of the disaster on 24 April.
The Fund was opened at the beginning of February, with an initial target of $10m, calculated to be the amount needed to pay first installments to all the potential claimants.
A total of $40 m is needed in total to cover full payments to over 3000 workers and families of those killed - but campaigners say "there is a long way to go" before the $40m is found.
But Primark is singled out as the only signatory company of the Arrangement yet to make a contribution.
"We are now calling on Primark and all the other brands linked to Rana Plaza to stop delaying and pay up," says Labour Behind the Label's Sam Maher.
Other companies claimed to have links to Rana Plaza are said to include Adler, Auchan, Benetton, Camaieu, Carrefour, Carrona, Cato Fashions, Children's Place, JC Penney, Kids for Fashion, Lee Cooper, Manifattura Corona, Mango, Matalan, NKD, Premier Clothing, Primark, PVT (Texman), Store 21, Yes Zee, and Walmart.
An interactive databank with intelligence on the major apparel sourcing countries
Canadean's "The Cato Corporation - Company Capsule" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and ...
The Cato Corporation - Strategy and SWOT Report, is a source of comprehensive company data and information. The report covers the company’s structure, operation, SWOT analysis, product and service off...
During the forecast period, Benetton Group is planning to invest in product innovation, garment design and retail concepts. In addition, the group aims to balance its production costs in order to cope...
Benetton Group SpA is currently focusing on investing in marketing efforts within Italy, aligning its image and advertising with various social causes. This means that the company’s communication focu...
- VF Corp confirms interest in Africa sourcing
- Euro decline weighs on Turkish clothing industry
- G-Star RAW pushes the boundaries of denim
- Will Amazon take over the US apparel market?
- US groups seek workable apparel provisions in TPP
- Metallised thread for "revolutionary" RFID tag
- Manufacturing in China falls to 15-month low
- VF Corp ups guidance on "strong" Q2
- Under Armour secures Germany and Austria deals
- Millennials "changing the game" for hosiery
- Ethiopia – the emerging textile and clothing industry
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, and Contact Details
- Management briefing: Factory safety and auditing: The key challenges
- Global market review of workwear - forecasts to 2019
- Global market review of denim and jeanswear – forecasts to 2020